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Daily Current Affairs And GK Updates - 05 march 2020

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Daily Current Affairs And GK Updates – 05 march 2020


1. Gairsain to be summer capital of Uttarakhand

  • The Chief Minister of Uttarakhand Trivendra Singh Rawat made a major announcement during the Uttarakhand budget session on March 04, 2020 declaring Gairsain as the summer capital of Uttarakhand, partially fulfilling the demand of the hill people to make it the permanent capital.
  • A summer capital is a city used as an administrative capital during extended periods of particularly hot weather.
  • The name Gairsain is derived from local language Gair (at some depth) and Sain (rolling plains).
  • In 1960, Veer Chandra Singh Garhwali proposed Gairsain as the capital state of Uttarakhand. In 1992, Uttarakhand Kranti Dal declared Gairsain as the capital of Uttarakhand. The state government has given a status of Nagar Panchayat to Gairsain in 2015-16.


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Uttarakhand is often referred as Devbhumi; Capital: Dehradun;

Folk Dances: Choliya Dance, Pandav Nritya.

Gairsain boasts of Badrinath and the Valley of Flowers as major tourist attractions.



2. Supreme Court lifts RBI ban on dealing in cryptocurrency

  • The Supreme Court lifted the RBI ban on trading in virtual currencies referred to as cryptocurrencies and crypto assets such as Bitcoin.
  • The Reserve Bank of India had in 2018 imposed restrictions on the banks from facilitating banking transactions for virtual currency exchanges and traders.
  • The apex court read out its judgement while hearing a plea from the Internet and Mobile Association of India (IMAI) challenging the RBI ban claiming that by banning virtual currencies, RBI had effectively banned legitimate business activity through virtual currencies.
  • The ruling was delivered by a three-judge bench led by Justice RF Nariman and comprising Justices V Ramasubramanian and Aniruddha Bose.


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Crypto-currencies are virtual or digital currencies that have encryption techniques used to regulate the generation of currency units and verify the transfer of funds.

Bitcoin is the most popularly accepted cryptocurrency.

Japan had accepted Bitcoin as legal currency in 2017.



3. Swachh Bharat Mission Phase-II (Grameen) launched

  • The Union Jal Shakti Minister, Gajendra Singh Shekhawat launched the second phase of Swachh Bharat Mission (Grameen) at the National Dissemination and Consultation workshop in New Delhi.
  • The phase II of the mission aims to provide universal coverage and safe access to sanitation in rural areas and it will focus on sustaining the achievements made under the mission in the last five years including ensuring safe access to toilets and their usage, ensuring that no one is left behind.
  • It will be implemented for a period of five years from 2020-21 to 2024-25.
  • The mission will be monitored on the basis of the outcome in four key areas:
  1. bio-degradable solid waste management (including animal waste management),
  2. plastic waste management,
  3. fecal sludge management and
  4. grey water management.
  • It also aims to ensure that effective Solid and liquid waste management (SLWM) is undertaken in every gram panchayat of the nation.


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Swachh Bharat Mission (SBM) or Clean India Mission was a nation-wide campaign from 2014 to 2019 to clean up the streets, roads and infrastructure of cities, towns, and rural areas started by PM Narendra Modi.

Slogan:One step towards cleanliness.


4. NABARD infuses Rs 1.46 lakh cr in rural banking system

  • National Bank for Agriculture and Rural Development (NABARD) has infused 1.46 lakh crore rupees in the rural banking system during the current fiscal. NABARD is an Apex Development Financial Institution in India.
  • In a statement, NABARD has said that 66,397 crore rupees have been given in short-term credit and 6,704 crore rupees in long-term credit to rural cooperative banks.
  • Regional rural banks have availed 14,141 crore rupees in short-term credit and 8,417 crore rupees in long-term credit. In addition, other banks, including small finance banks, have obtained long-term refinance of 37,895 crore rupees.


Current Affairs 2020 for SBI CLERK Exams

NABARD – Formation: July 12, 1982; Headquarters: Mumbai;

Chairman: Chintala Govinda Rajulu.


5. President Kovind confers 61st annual Lalit Kala Akademi awards

  • President Ram Nath Kovind on 4th March conferred 61st annual Lalit Kala Akademi’s awards on 15 artistes at the Rashtrapati Bhavan.
  • Culture Minister Prahlad Singh Patel and the Akademi Chairman Dr. Uttam Pacharne were also present on the occasion.
  • The awardees include Anoop Kumar Manzukhi Gopi from Kerala, David Malakar from West Bengal, Hari Ram Kumbhawat from Rajasthan, Devendra Kumar Khare from Gujarat, Dinesh Pandya from Maharashtra, Mohan Kumar from Karnataka and Yashwant Singh from Delhi.


Current Affairs 2020 for SBI CLERK Exams

Lalit Kala Akademi awards are given to recognise the outstanding work in the field of art; first awarded in1955.


6. New Chief Selector of Indian men’s cricket team

  • The Cricket Advisory Committee (CAC) of the Board of Control for Cricket in India (BCCI) appointed Sunil Joshi as the new Chief Selector of team India.
  • BCCI has also appointed Harvinder Singh as a selector apart from Sunil Joshi.
  • Former spinner Sunil Joshi has played 15 Tests and 69 ODIs for India.
  • Harvinder Singh, Devang Gandhi, Sarandeep Singh and Jatin Paranjpe, headed by Sunil Joshi, will take over the responsibility of selecting the Indian cricket team.
  • The tenures of Devang Gandhi, Sarandeep Singh, and Jatin Paranjpe will end next year.


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BCCI – Founded: 1928; President: Sourav Ganguly; CEO: Rahul Johri



7. Israeli PM Benjamin Netanyahu claims victory in general elections

  • Israeli Prime Minister Benjamin Netanyahu has claimed victory in the general elections held. With 90% of votes counted, his Likud party and its right-wing allies were on course to win 59 seats.
  • This election was Israel’s third in less than a year. Neither of the two main party leaders was able to command a majority in the 120-seat parliament following the last two rounds.
  • Mr Netanyahu, 70, is Israel’s longest-serving prime minister. He is seeking a record fifth term, having been in office from 1996 to 1999 and again from 2009.


Current Affairs 2020 for SBI PO Exams

ISRAEL – Capital: Jerusalem; Currency: Israeli Shekel; President:Reuven Rivlin.


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